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El Salvador Bitcoin Law Has ‘Immediate Negative Implications,’ Credit Rating Agency Says

S&P Global said that the risks of the country’s decision to make bitcoin legal tender outweighs its potential benefits.

Updated May 11, 2023, 5:48 p.m. Published Sep 16, 2021, 11:09 p.m.
Demonstrators wave flags during a demonstration against President Nayib Bukele on Sept. 15 in San Salvador. (Emerson Flores/APHOTOGRAFIA/Getty Images)